Apartments for Rent in the Downtown Tempe Neighborhood of Tempe, AZ (658 Rentals)

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IMT Desert Palm Village
Rent Specials
$1,218 - $2,068
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$1,218 - $2,068
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1 to 3 Bedroom Apartments Available Now

IMT Desert Palm Village

1215 E Vista Del Cerro DrTempe, AZ 85281
Student Housing
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Vero
Rent Specials
$1,588 - $2,481
Total Monthly Price

Total Monthly Price

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$1,588 - $2,481
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Studio to 2 Bedroom Apartments Available Now

Vero

651 E 6th StTempe, AZ 85281
Furnished
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Smith & Rio
Rent Specials
$1,795 - $6,352
Total Monthly Price

Total Monthly Price

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$1,795 - $6,352
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Studio to 2 Bedroom Apartments Available Now

Smith & Rio

1979 E Rio Salado PkwyTempe, AZ 85288
Family Friendly
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A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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San Portella
Rent Specials
$1,662 - $6,577
Total Monthly Price

Total Monthly Price

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$1,662 - $6,577
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1 to 3 Bedroom Apartments Available Sep 3

San Portella

2155 S 55th StTempe, AZ 85282
Corporate Housing
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Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

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Aura Watermark
Rent Specials
$1,742 - $2,997
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Total Monthly Price

Base Rent
$1,742 - $2,997
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Studio to 3 Bedroom Apartments Available Aug 6

Aura Watermark

420 N Scottsdale RdTempe, AZ 85281
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Aura Apache
Rent Specials
$1,462 - $2,928
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$1,462 - $2,928
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Studio to 2 Bedroom Apartments Available Now

Aura Apache

1820 E Apache BlvdTempe, AZ 85281
Eco-Friendly
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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West 5th
$1,434
Total Monthly Price

Total Monthly Price

Base Rent
$1,434
Total Monthly Price
$1,434
2 Bedroom Apartments Contact Us For Availability

West 5th

601 W 5th StTempe, AZ 85281
Transit Friendly
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SALT
Rent Specials
$1,838 - $8,753
Total Monthly Price

Total Monthly Price

Base Rent
$1,838 - $8,753
Total Monthly Price
$1,838 - $8,753
Studio to 3 Bedroom Apartments Available Aug 6

SALT

260 E Rio Salado PkyTempe, AZ 85281
Student Housing
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Neighborhood & Market Insights: How to Choose the Right Area to Rent

Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.

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Showing Results 1-50, Page 1 of 14

Downtown Tempe, Tempe, AZ Local Guide

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Downtown Tempe, Tempe, AZ

School data provided by Great Schools

Family-Friendly Rating

Renting for your family? Amongst all of the submarkets in Tempe, this neighborhood is one of the finest submarkets for families, with a score of 4.0 out of 4. Family Friendly communities have features that support parents and kids in having fun and being healthy together. Family Friendly neighborhoods provide resources like parks, pet amenities, playgrounds, recreation and A/V rooms, trails, and access to the finest education resources.

Outdoors Rating

Love parks and greenspace? Downtown Tempe has come to be providing good access to the great outdoors, with a score of 4.0 out of 4.

Luxury Living Rating

This section of town has now become known as one of the best-regarded luxury submarkets in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like saunas, pools, sport courts, concierge services, gardens, nearby parks, and amenities like granite countertops, range hoods, and high-end appliances. Luxury communities also often offer tile or hardwood floors, tennis courts, and for some communities, even a doorman to greet residents.

Pet Friendly Rating

There's good news if you raise pets. This part of town ranks highly for raising pets (dogs and cats), with a score of 4.0 out of 4.

Frequently Asked Questions about Downtown Tempe

What is the current pricing and availability for apartments for rent in the Downtown Tempe area of Tempe, AZ?

As of today, July 30, 2026, there are currently 658 available Downtown Tempe apartments priced from $676 to $12,750, with an average monthly rent of $1,687.

How much are Studio apartments in Downtown Tempe?

There are currently 125 Studio Apartments in Downtown Tempe with rent ranges from $799 to $3,528 with an average price of $1,448.

What is the current price range for One Bedroom Downtown Tempe Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Tempe ranges from $914 to $6,334 with an average monthly rent of $1,538.

What does renting a Two Bedroom Apartment in Downtown Tempe cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Tempe range from $976 to $5,103. Today's average rental price for Two Bedrooms here is $1,807.

How expensive are Downtown Tempe Three Bedroom Apartments?

There are currently 84 Three Bedroom Apartments listings available in Downtown Tempe on ApartmentHomeLiving.com. The pricing ranges from $801 to $6,807 - averaging $2,371 for the location.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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